Amazon keeps mum on bookstore speculation
NEW YORK - Amazon is declining comment on reports it may be planning to open more bookstores.
In a call with analysts on Tuesday, Sandeep Mathrani, the CEO of mall operator General Growth Properties, said in an offhand comment related to a question about holiday traffic that Amazon had plans to open 300 or 400 bookstores.
A New York Times report, citing unnamed sources Wednesday, said Amazon could open more bookstores in the future but at a more modest pace.
Amazon said it does not comment on rumors or speculation. General Growth Properties did not respond to a request for comment.
Amazon operates one bookstore in Seattle and about five staffed pickup locations for textbooks at universities, with plans for two more in 2016.
Shares of Amazon.com Inc. dropped almost 4 percent in morning trading.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Livingston Parish looking to crack down on duplicate tax exemptions
Ascension Parish man frustrated after rats from abandon property invade home
Witness: Child found on floor of apartment bathroom after self-inflicted shooting
Department of Health giving out free flu shots Thursday
Child injured, transported in shooting at Baton Rouge apartment